South Korea inflation rebounds above 3% in August
South Korea’s headline inflation rose above 3% again in August after easing the prior month, supporting the Bank of Korea’s back-to-back rate increases to curb price pressures.
South Korea's headline inflation climbed back above 3% in August after easing in the prior month, reinforcing the case for the Bank of Korea's back-to-back rate increases aimed at containing price pressures. The faster pace of inflation may strengthen arguments for the central bank to step up policy tightening.